:three: Project Design and Network Analysis:• It is the heart of the project entity.• It defines the sequence of events of theproject.• Time is allocated for each activity.• It is presented in a form of a network drawing.

:four: Input Analysis:• Its assesses the input requirements during theconstruction and operation of the project.• It defines the inputs required for each activity.• Inputs include materials, human resources.• It evaluates the feasibility of the project fromthe point of view of the availability ofnecessary resources.

:five: Financial Analysis:• It involves estimating the project costs, operatingcost and fund requirements.• It helps in comparing various project proposals ona common scale.• Analytical tools used are discounted cash flow,cost-volume-profit relationship and ratio analysis.• Investment decisions involve commitment ofresources in future, with a long time horizon.

:six: Cost- Benefit Analysis:• The overall worth of a project is considered.• The project design forms the basis ofevaluation.• It considers costs that all entities have to bearand the benefit connected to it.

Project Formulation is a concise, exact statement of a project to set the boundaries or limits of work to be performed by the project. :checkered_flag:

So, we can define project formulation as...:check: Taking a first look carefully and critically at theproject idea.:check: Carefully weighing its various components.:check: Analysing with the assistance of specialists orconsultants.

Project Report :three:

FINAL PRODUCT

Key points:• It is a concise copy of detailed analysis donefor the project.• An entrepreneur/expert prepares the reportbefore the investment in project is done.• The report assesses the demand for proposedproduct/service, works out cost of investmentand profitability on this investment.• It acts as an instrument to convince investorsto invest in the project.

• The project report is submitted to financialinstitutions for grant of land and other financialconcessions.• Organisations like Small Industries ServiceInstitute (SISI)and Small Industries DevelopmentOrganisation (SIDO) help entrepreneursto prepare project report.• The financial institutions ascertain from thereport, whether the project can generate enoughfunds to repay the borrowings in stipulated timeframe